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MACROTECH DEVELOPERS Gains 8%; BSE REALTY Index Up 0.2%
Thu, 27 Jun 16:1

MACROTECH DEVELOPERS Gains 8%; BSE REALTY Index Up 0.2%Image source: ipopba/www.istockphoto.com

MACROTECH DEVELOPERS share price has zoomed 8% and is presently trading at Rs 1,551.1.

Meanwhile, the BSE REALTY index is at 8,605.9 (up 0.2%).

Among the top gainers in the BSE REALTY index today is Godrej Properties (up 1.8%).

INDIABULLS REAL EST (down 6.2%) and SUNTECK REALTY (down 4.5%) are among the top losers today.

Over the last one year, MACROTECH DEVELOPERS has moved up from Rs 645.8 to Rs 1,551.1, registering a gain of Rs 905.3 (up 140.2%).

On the other hand, the BSE REALTY index has moved up from 4,070.4 to 8,605.9, registering a gain of 111.4% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were Sobha (up 296.6%), PRESTIGE ESTATES (up 221.5%) and INDIABULLS REAL EST (up 145.2%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,245.0 (up 0.7%).

The top gainers among the BSE Sensex today are Ultratech Cement (up 5.3%) and NTPC (up 3.3%). The most traded stocks in the BSE Sensex are Tata Steel and Infosys.

In the meantime, NSE Nifty is at 24,036.1 (up 0.7%). Ultratech Cement and LTIMINDTREE are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 62,970.0 to 79,245.0, registering a gain of 16,275.0 points (up 25.8%).

MACROTECH DEVELOPERS Financial Update...

MACROTECH DEVELOPERS net profit fell 10.9% YoY to Rs 6,677 million for the quarter ended March 2024, compared to a profit of Rs 7,492 million a year ago. Net sales rose 23.4% to Rs 40,185 million during the period as against Rs 32,554 million in January-March 2023.

For the year ended March 2023, MACROTECH DEVELOPERS reported 59.5% decrease in net profit to Rs 4,895 million compared to net profit of Rs 12,085 million during FY22. Revenue of the company grew 2.6% to Rs 94,704 million during FY23.

The current Price to earnings ratio of MACROTECH DEVELOPERS, based on rolling 12 month earnings, stands at 98.5.


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